Alpha Bank S.A., announces the resolution of its Annual Meeting of Shareholders of 30.3.2004, to repurchase own shares, in accordance with art.16, par.5 of corporate law 2190/1920. According to the aforementioned resolution, Alpha Bank may proceed, until 30.3.2005, to the repurchase of up to 3% of its total outstanding paid-in share capital, at the lower limit share purchase price of Euro 1 and upper limit share purchase price, Euro 25.98, adjusted to Euro 21.65, following the issue of bonus shares.